About: http://data.cimple.eu/news-article/f39116788ff210b0249764416f3bd25d94638e8ae6fd8d7eedb60287

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About: http://data.cimple.eu/news-article/f39116788ff210b0249764416f3bd25d94638e8ae6fd8d7eedb60287 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Rogers Communications announced Monday the purchase of its rival Shaw for Can$26 billion (US$21 billion) in a telecoms deal that would merge two Canadian family dynasties. By combining, the two firms said they will have the "the scale, assets and capabilities" to accelerate a rollout of fifth generation (5G) mobile communications and better compete with the nation's top two providers Bell and Telus. The transaction, however, must still be approved by shareholders and regulators. Both companies were founded in the 1960s and grew mostly through acquisitions of smaller cable companies. Founders Ted Rogers died in 2008 and JR Shaw passed away last March. The deal follows Rogers' failed joint bid with Altice USA last year for Quebec's Cogeco Communications, as well as Shaw's entry into the wireless business by acquiring startup Wind Mobile in 2016. According to a statement, Toronto-based Rogers will pay Can$40.50 per share in cash -- a 70 percent premium -- for the shares of its Western Canada competitor, for a total of Can$20 billion. Rogers will also take on Shaw's Can$6 billion debt, bringing the total value of the deal supported by the Shaw family to Can$26 billion. The merged company, they said, would invest Can$2.5 billion to build up 5G networks in Manitoba, Saskatchewan, Alberta and British Columbia provinces and add 3,000 new jobs. amc/bgs
schema:headline	Rogers buys Canada telecom rival Shaw for Can$26 bn
schema:mentions	Mobile network operator Rogers Communications Manitoba Television in Canada Cable television British Columbia Alberta Quebec Canada 5G Freedom Mobile Edward S. Rogers Jr. JR Shaw Cogeco Telus Western Canada Altice USA Saskatchewan AMC Networks
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness
http://data.cimple...romotesConspiracy	harmful radiation conspiracy theory

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